Current:Home > ContactSignalHub-Toyota to invest $922 million to build a new paint facility at its Kentucky complex -WealthMap Solutions
SignalHub-Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Poinbank Exchange View
Date:2025-04-08 03:39:46
GEORGETOWN,SignalHub Ky. (AP) — Toyota said Thursday it will build a new paint facility as part of a $922 million investment at its factory complex in Georgetown, Kentucky, making it the second big addition announced this year at the automaker’s largest global manufacturing plant.
In February, the company said it would invest $1.3 billionat its Kentucky complex, in part so it can build an all-new three-row electric SUV to be sold in the U.S.
Neither project will add any new jobs at the facility, which now employs about 10,000 workers. However, the investments reinforce Toyota’s commitment to long-term job stability, the company said.
The new paint facility, scheduled to open in 2027, will add 1 million square feet of capacity while decreasing carbon emissions by 30% and water usage by 1.5 million gallons per year, Toyota said.
It will enable the company to offer more diverse color options for its vehicles, the company said.
“Toyota’s commitment to advanced paint technologies goes beyond aesthetics,” said Kerry Creech, president of Toyota Kentucky. “It encompasses efficiency, sustainability and quality, leading the industry in environmentally responsible manufacturing.”
The project also will increase flexibility for future vehicle production and advances Toyota’s goal to achieve zero carbon emissions by 2050, the automaker said.
Toyota’s investment in the Bluegrass State has surpassed $11 billion since breaking ground at the central Kentucky site in 1986. Georgetown is 16 miles (26 kilometers) north of Lexington, Kentucky.
Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
veryGood! (18)
Related
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- 41 workers stuck in a tunnel in India for 10th day given hot meals as rescue operation shifts gear
- Black Friday deals start early and seem endless. Are there actually any good deals?
- Polish police arrest woman with Islamic extremist sympathies who planted explosive device in Warsaw
- Stamford Road collision sends motorcyclist flying; driver arrested
- Founder of far-right Catholic site resigns over breach of its morality clause, group says
- It's OK to indulge on Thanksgiving, dietician says, but beware of these unhealthy eating behaviors
- Sobering climate change report says we're falling well short of promises made in Paris Climate Agreement
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- Are Kroger, Publix, Whole Foods open on Thanksgiving 2023? See grocery store holiday hours
Ranking
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- Search is on for pipeline leak after as much as 1.1 million gallons of oil sullies Gulf of Mexico
- Transgender women have been barred from playing in international women’s cricket
- Dancing With the Stars' Tribute to Taylor Swift Deserves Its Own Mirrorball Trophy
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Hailey Bieber Recreates Gigi Hadid's Famous Pasta Recipe During Date Night With Justin Bieber
- Tracy Chapman, Blondie, Timbaland, more nominated for 2024 Songwriters Hall of Fame
- UK police recover the bodies of 4 teenage boys who went missing during a camping trip
Recommendation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
Steelers fire offensive coordinator Matt Canada as offensive woes persist
World’s largest cryptocurrency exchange to pay over $4 billion in agreement with US, AP source says
Court upholds pretrial jailing of man charged in shooting over Spanish conquistador statue
The city of Chicago is ordered to pay nearly $80M for a police chase that killed a 10
Next 2 days likely to be this week’s busiest. Here’s when not to be on the road -- or in the airport
US court denies woman’s appeal of Cristiano Ronaldo’s 2010 hush-money settlement in Vegas rape case
Elon Musk's X, formerly Twitter, sues Media Matters as advertisers flee over report of ads appearing next to neo-Nazi posts